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Abraham Michelson
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The Michelson Law Office
203 North Lasalle Street Suite 2100 Chicago, IL 60601Â» view map
Bankruptcy, Chapter 7, Chapter 13
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800-824-6431
1. Abraham Michelson Chicago, IL
  Attorney at Law - Illinois, 2013
  Thomas Cooley, JD, 2004
2. AboutAbraham Michelson
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Scott A. Kissinger

Estate Planning

Status:

CONTACT

703 5th Avenue, Eau Claire, WI 54702

Mary Beth Gardner

Real Estate, Trusts, Elder Law, Family Law

Status: Licensed: 36 Years

CONTACT

2411 N Hillcrest Pkwy, Altoona, WI 54720

James C. Ritland

Personal Injury, Accident & Injury, Car Accident, Estate, Mass Torts

Status: Licensed: 47 Years

FREE CONSULTATION

CONTACT

320 Main Street, Black River Falls, WI 54615

George E Miller

Wills & Probate, Family Law, Adoption, Divorce & Family Law

Status:

CONTACT

505 S Dewey St, Eau Claire, WI 54701

Mary L. Klinkhammer

Estate

Status: Licensed: 18 Years

CONTACT

526 Water Street, Eau Claire, WI 54702

Raymond K. Hughes

Tax, Real Estate, Estate, Employment, Divorce & Family Law

Status: Licensed: 33 Years

CONTACT

130 S Barstow St, Eau Claire, WI 54701

Colleen Cowles

Estate

Status: Licensed: 41 Years

CONTACT

3437 Remington Road, Eau Claire, WI 54703

Melissa Corrine Emerson

Defect and Lemon Law, Wills & Probate, Trusts

Status: Licensed: 19 Years

CONTACT

3980 Lila Ln, Eau Claire, WI 54701

Raymond James French

Municipal, Wills & Probate, Estate Planning, Credit & Debt

Status: Licensed: 13 Years

CONTACT

3103 Ellis Street, Eau Claire, WI 54701

Gregory John Brown

Real Estate, Government, Estate, Entertainment

Status: Licensed: 49 Years

CONTACT

102 E Grand Ave, Eau Claire, WI 54702

800-814-6700

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LEGAL TERMS

ALTERNATE BENEFICIARY

A person, organization or institution that receives property through a will, trust or insurance policy when the first named beneficiary is unable or refuses to ... (more...)

A person, organization or institution that receives property through a will, trust or insurance policy when the first named beneficiary is unable or refuses to take the property. For example, in his will Jake leaves his collection of sheet music to his daughter, Mia, and names the local symphony as alternate beneficiary. When Jake dies, Mia decides that the symphony can make better use of the sheet music than she can, so she refuses (disclaims) the gift, and the manuscripts pass directly to the symphony. In insurance law, the alternate beneficiary, usually the person who receives the insurance proceeds because the initial or primary beneficiary has died, is called the secondary or contingent beneficiary.

CONTINGENT BENEFICIARY

1) An alternate beneficiary named in a will, trust or other document. 2) Any person entitled to property under a will if one or more prior conditions are satisf... (more...)

1) An alternate beneficiary named in a will, trust or other document. 2) Any person entitled to property under a will if one or more prior conditions are satisfied. For example, if Fred is entitled to take property under a will only if he's married at the time of the will maker's death, Fred is a contingent beneficiary. Similarly, if Ellen is named to receive a house only in the event her mother, who has been named to live in the house, moves out of it, Ellen is a contingent beneficiary.

RESIDUARY BENEFICIARY

A person who receives any property by a will or trust that is not specifically left to another designated beneficiary. For example, if Antonio makes a will leav... (more...)

A person who receives any property by a will or trust that is not specifically left to another designated beneficiary. For example, if Antonio makes a will leaving his home to Edwina and the remainder of his property to Elmo, then Elmo is the residuary beneficiary.

TRUST CORPUS

Latin for 'the body' of the trust. This term refers to all the property transferred to a trust. For example, if a trust is established (funded) with $250,000, t... (more...)

Latin for 'the body' of the trust. This term refers to all the property transferred to a trust. For example, if a trust is established (funded) with $250,000, that money is the corpus. Sometimes the trust corpus is known as the 'res,' a Latin word meaning 'thing.'

FAMILY POT TRUST

See pot trust.

PUBLISHED WORK

An original work of authorship that is considered published for purposes of copyright law. A work is 'published' when it is first made available to the public o... (more...)

An original work of authorship that is considered published for purposes of copyright law. A work is 'published' when it is first made available to the public on an unrestricted basis. It is thus possible to display a work, or distribute it with restrictions on disclosure of its contents, without actually 'publishing' it. Both published and unpublished works are entitled to copyright protection, but some of the rules differ.

ANCILLARY PROBATE

A probate proceeding conducted in a different state from the one the deceased person resided in at the time of death. Usually, ancillary probate proceedings are... (more...)

A probate proceeding conducted in a different state from the one the deceased person resided in at the time of death. Usually, ancillary probate proceedings are necessary if the deceased person owned real estate in another state.

BYPASS TRUST

A trust designed to lessen a family's overall estate tax liability. An AB trust is the most popular kind of bypass trust.

ADEMPTION

The failure of a bequest of property in a will. The gift fails (is 'adeemed') because the person who made the will no longer owns the property when he or she di... (more...)

The failure of a bequest of property in a will. The gift fails (is 'adeemed') because the person who made the will no longer owns the property when he or she dies. Often this happens because the property has been sold, destroyed or given away to someone other than the beneficiary named in the will. A bequest may also be adeemed when the will maker, while still living, gives the property to the intended beneficiary (called 'ademption by satisfaction'). When a bequest is adeemed, the beneficiary named in the will is out of luck; he or she doesn't get cash or a different item of property to replace the one that was described in the will. For example, Mark writes in his will, 'I leave to Rob the family vehicle,' but then trades in his car in for a jet ski. When Mark dies, Rob will receive nothing. Frustrated beneficiaries may challenge an ademption in court, especially if the property was not clearly identified in the first place.

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Osseo Estate Lawyer, Wisconsin

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Scott A. Kissinger

Mary Beth Gardner

James C. Ritland

George E Miller

Mary L. Klinkhammer

Raymond K. Hughes

Colleen Cowles

Melissa Corrine Emerson

Raymond James French

Gregory John Brown

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LEGAL TERMS

ALTERNATE BENEFICIARY

CONTINGENT BENEFICIARY

RESIDUARY BENEFICIARY

TRUST CORPUS

FAMILY POT TRUST

PUBLISHED WORK

ANCILLARY PROBATE

BYPASS TRUST

ADEMPTION

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